Saving and Investing

by kelsee gillispie

Saving and Investing

by kelsee gillispie

Why are saving and investing important?

The Pro's of saving money and why and how it is important:

Saving helps the economy grow. How does this work? Personal savings (example bank account) provide funds that banks can lend to businesses for expansion what economists call investment in capital goods

Saving can help you reach important goals. The idea of saving money is less and rather boring to Americans then the idea of spending it. In fact, some economists define saving as "consuming less now in order to consume more in the future." We all have some type of goal for the future like buying an car, and to buy a car you need to have money. So setting aside a small or large portion of your income now will help you cover later expenses is saving for the future.